Question 1

Complete the following MRP record using EOQ lot sizing technique.The holding cost is $3 per unit per period and the ordering cost is $500 per order.What is the ordering cost and holding costs using end inventory values? Assume that the lot size cannot exceed the EOQ size and back ordering is possible without any additional costs.(ordering cost/holding costs)
$$\begin{array} { | c | c | c | c | c | c | c | c | c | c | } 
\hline { \text { EOQ } } &  { \text { Period } } \
\hline& 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\hline \text { GR } & & 60 & 90 & 125 & 180 & 150 & 50 & 450 & 60 \
\hline \text { SR } & & & 150 & & 60 & & & & \
\hline \text { PA } & 10 & & & & & & & & \
\hline \text { NR } & & & & & & & & & \
\hline \text { POR } & & & & & & & & & \
\hline
\end{array}$$

Accepted Answer

A)  ($3,188/$3,440) 
B)  ($1,440/$2,000) 
C)  ($3,188/$2,000) 
D)  ($2,000/$1,440)

Question 2

Fill out the following MRP record.The lot size is 60 units and the units on hand are 100 units.The lead time between order placement and receipt is 1 periods.How would the MRP record change once the period 1 passed and it is period 2 currently? Provide a MRP record starting on period 2.

Accepted Answer

The answer of Fill out the following MRP record.The lot...

Question 3

Fill out the following MRP record.The lot size is 100 units and the units on hand are 100 units.The lead time between order placement and receipt is 2 periods.Multiple lots per order are possible.
 $$\begin{array} { | c | c | c | c | c | c | c | c | l | } 
\hline \begin{array} { c } 
\text { Lot } \
\text { size: } \
100 \mathrm { x }
\end{array} & { \text { Period } } \
\hline & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\hline \text { GR } & 160 & 90 & 125 & 280 & 150 & 150 & 150 & 30 \
\hline \text { SR } & 60 & 150 & & & & & & \
\hline \text { POH } & & & & & & & & \
\hline \text { NR } & & & & & & & & \
\hline \text { POR } & & & & & & & & \
\hline
\end{array}$$

Accepted Answer

The answer of Fill out the following MRP record.The lot...

Question 4

Fill out the following MRP record.The lot size is 150 units and the units on hand are 10 units.Multiple lots per order are possible
 $$\begin{array} { | c | c | c | c | c | c | c | c | c | } 
\hline { \begin{array} { c } 
\text { Lot } \
\text { size: } \
150 \mathrm { x }
\end{array} } &  { \text { Period } } \
\hline & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\hline \text { GR } & 60 & 90 & 125 & 180 & 150 & 50 & 450 & 60 \
\hline \text { SR } & & 150 & & 60 & & & & \
\hline \text { PA } & & & & & & & & \
\hline \text { POR } & & & & & & & & \
\hline
\end{array}$$

Accepted Answer

The answer of Fill out the following MRP record.The lot...

Question 5

Find the correct concepts to fit in to the following sentence.MRP's precise ________ order-generation capabilities make it possible to allow ___________ to be managed more effectively.

Accepted Answer

A)  time-phased, lumpy inventory levels 
B)  period based, ordering costs 
C)  period based, lumpy inventory levels 
D)  cost effective, carrying costs

Exam 6: MRP production system

Fill out the following MRP record.The lot size is 60 units and the units on hand are 100 units.The lead time between order placement and receipt is 1 periods.How would the MRP record change once the period 1 passed and it is period 2 currently? Provide a MRP record starting on period 2.

Find the correct concepts to fit in to the following sentence.MRP's precise order-generation capabilities make it possible to allow ___ to be managed more effectively.